Ramcort Shaving Corp's sales in 2023 are expected to increase by 10% from $6 million in 2022. Its assets totaled $4.2 million at the end of 2022. Ramcort is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2022, current liabilities were $1.35 million, consisting of $450,000 of accounts payable, $550,000 of notes payable and $350,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. Use the AFN equation to forecast Ramcort's additional funds needed for the coming year.